SHENHUA HOLDINGS(SH:600653)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,703,065,994.86, a decrease of 14.62% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥2,186,357.03, with a year-to-date net profit of ¥7,842,375.20, showing a significant increase of 11.54%[3]. - The company reported a significant increase in net profit for the year-to-date period, with a growth of 128.61% compared to the previous year[6]. - Net profit for the third quarter of 2021 was ¥74,612,523.15, compared to ¥12,328,798.05 in the same quarter of 2020, showing a significant increase[20]. - The profit attributable to shareholders of the parent company was ¥7,842,375.20, a recovery from a loss of ¥35,031,046.72 in the previous year[20]. - Total comprehensive income for Q3 2021 was CNY 75,410,731.25, compared to CNY 12,039,710.79 in Q3 2020[21]. - Net profit attributable to the parent company was CNY 8,640,583.30, a significant improvement from a loss of CNY 35,320,133.98 in the same period last year[21]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.0040, up from a loss of CNY 0.0180 per share in Q3 2020[21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥368,157,443.17, representing a 70.56% increase compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2021 was CNY 6,336,081,148.22, an increase of 19.2% from CNY 5,315,264,982.98 in the same period of 2020[22][23]. - Net cash flow from operating activities for Q3 2021 was CNY 368,157,443.17, compared to CNY 215,849,311.67 in Q3 2020[23]. - Cash inflow from investment activities for the first three quarters of 2021 was CNY 1,508,787,083.23, up from CNY 1,112,088,489.88 in the same period of 2020[23]. - Cash flow from financing activities for Q3 2021 resulted in a net outflow of CNY 858,097,740.32, an improvement from a net outflow of CNY 1,030,911,204.20 in Q3 2020[23]. - The ending cash and cash equivalents balance for Q3 2021 was CNY 162,722,561.11, down from CNY 277,532,052.87 at the end of Q3 2020[23]. - The company reported a total cash inflow from financing activities of CNY 401,233,000.00 in Q3 2021, significantly lower than CNY 1,733,691,498.20 in Q3 2020[23]. Assets and Liabilities - Total assets decreased by 24.07% from the end of the previous year, amounting to ¥3,965,215,957.08[4]. - Total assets decreased to ¥3,965,215,957.08 from ¥5,222,137,122.07 year-over-year, reflecting a decline of approximately 24%[16]. - Total liabilities decreased to ¥2,615,349,909.10 from ¥3,543,680,954.71, a reduction of about 26%[16]. - Non-current assets totaled ¥1,898,058,414.94, down from ¥2,691,647,458.43, indicating a decrease of approximately 29.5%[16]. - The company reported a significant reduction in short-term borrowings, which fell to ¥410,190,901.76 from ¥1,121,365,823.17, a decrease of about 63.4%[16]. - The company's long-term equity investments decreased to ¥456,479,405.54 from ¥691,723,419.87 at the end of 2020[13]. - The total current assets decreased to ¥2,067,157,542.14 from ¥2,530,489,663.64 at the end of 2020[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 149,491[8]. - The top 10 shareholders hold a total of 227,412,000 shares (11.68%) by Liaoning Huasheng Automotive Parts Co., Ltd.[8]. - The second-largest shareholder, Liaoning Zhengguo Investment Development Co., Ltd., holds 197,280,000 shares (10.14%)[8]. Company Strategy and Operations - The company plans to expand its market presence and enhance its product offerings, particularly in the automotive sector[6]. - The company plans to continue focusing on cost management and operational efficiency to enhance profitability in the upcoming quarters[20]. - The company is undergoing restructuring due to financial difficulties, with a court ruling on November 20, 2020, to accept the restructuring application[10]. - The deadline for submitting the restructuring plan for the company and its affiliates has been extended to December 3, 2021[12]. - The company has received administrative measures from the China Securities Regulatory Commission regarding information disclosure violations[10]. Fair Value and Other Income - The fair value change income for the year-to-date period decreased by 123.66%, primarily due to market price fluctuations of trading financial assets[5]. - Other income for the year-to-date period decreased by 45.02%, mainly due to the transfer of wind power new energy subsidiary equity[5]. - Investment income for the year-to-date period decreased by 13.00%, influenced by the previous year's disposal of non-BMW brand 4S stores[5]. New Standards and Goodwill - The company has implemented a new leasing standard effective January 1, 2021, which will not significantly impact financial metrics such as net profit and net assets[27]. - The company reported goodwill of approximately $69.05 million, remaining stable compared to the previous quarter[26]. - Deferred tax assets were approximately $7.74 million, consistent with the previous quarter[26].